Private practice physicians face three main employment options today: Seek employment, retire, or stay in private practice. As can be seen by the Accenture chart to the right, since 2000 more and more physicians are opting out of private practice. In 2000, 57% of all physicians were employed in a private practice. By the end … Continued
Without a clear financial view, physicians lack the ability to make informed, real-time decisions to benefit the practice. Many decisions are made with limited data or on instinct alone. New innovations in reporting technologies have provided private practices with hospital-grade technologies at a fraction of the cost. Financial reporting will become a key component in … Continued
Learn the seven ways cloud technology lets physicians build high-performance private practices capable of handling the demands of the ever-changing healthcare landscape. This guide identifies the basics of cloud software and why it is an effective solution for eliminating the hidden costs of supporting in-house software.
Top-performing physicians care about two things: patient care and financial performance. Because a practice’s financial health directly affects the ability to provide excellent care, top physicians carefully evaluate billing procedures in order to collect all available. This guide illustrates why medical billing processes, staff, and technologies are critical factors in maximizing revenue capture.
Fueled by patient demands and the convenience of technology, the need to get patients involved in their own health management, and giving them a convenient platform to do so, is important. Providing a platform for patient access is the most important step to encourage engagement.
One natural disaster could devastate a private practice. Due to limited resources, physicians must design and implement a comprehensive, effective disaster recovery plan. We cover 5 FAQs about disaster recovery to identify potential areas of risk, create contingency plans, and testing your plan.
Implementing an EHR solution can be a formidable challenge as many private practices are learning. This guide will walk you through 5 tips for success and 5 pitfalls to avoid.
Physicians understand the future of a practice relies on a complete, well-designed conversion plan. You may have already developed a preliminary conversion plan, but there is more work to be done. Read five more steps you must take in ICD-10 conversion.
Due to the numerous upgrades that will be needed to both software systems and manual processes, healthcare providers must begin preparing now. Those who do not take steps immediately put the stability and financial health of their private practice at risk.
The transition to the new ICD-10 coding set will demand incredible effort from the medical community and, if not proactively addressed, could cause major disruptions for private practices. Learn the five things you should consider when selecting an EHR and billing system that can support ICD-10.
Patient turnover threatens the financial stability of private practices. Studies have shown patients rarely leave a practice due to distrust in a physician’s skills, but rather due to frustrations with office procedures and staff. With several economic factors impacting small private practices, fostering loyalty with patients is more important than ever. Physicians must improve the … Continued
You may not be able to define EHR interoperability, but you can’t ignore it. It’s impacting your private practice, especially if you don’t have it. Manual, paper processes are time-consuming and expensive. The ability to share patient information is a driving force behind EHR – better information leads to better health outcomes.